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Is It Real Or Memorex? – Dave Kranzler

Thursday, September 18, 2014 14:01

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(Before It's News)

TND Guest Contributor: Dave Kranzler |

The precious metals have been under the most intense and concentrated period of downward price manipulation by the Federal Reserve/U.S. Government that has occurred over the last 14 years, except for the summer/early fall 2008. Something really bad is occurring behind the scenes with our economic and financial system that is not yet obvious. But I have a feeling we’ll soon find out.

Some of the clues include the obvious lies and information misdirection coming from Grandma Yellen, Wall Street and the White House. Yesterday’s FOMC announcement/Yellen press conference was one of the most absurdly Orwellian events I have ever witnessed.

CLICK TO ENLARGE

The graph pattern above repeats itself almost every night. Gold/silver get smashed when the fraudulent Comex paper trading is at its most active and Asia is asleep. The Asians wake up and resume their furious buying. Gold premiums in Shanghai are as high as I’ve seen them in a long time. Silver has been in backwardation all summer. Then, Asia closes down the metals get hit again, starting in the fraudulent London market. Wash, rinse, repeat.

But the end is near. In fact, the ONLY difference for our financial system between now and 2008 is the $4 trillion in QE the Fed has printed and given to the Government and the banks. The banks would be collapsing right now if it weren’t for the thick $2.5 trillion cash layer of reserves that banks have stored at the Fed. That’s it.

Despite Fed and Obama proclamations of a recovering economy, the employment situation continues to deteriorate. The housing market, which has been slowly deteriorating for the last year, hit a wall in August. And the supposed shrinking Government spending deficit? Wrong. The real spending deficit is represented by the $1 trillion increase in Treasury debt over the last 12 months. The reported deficit is nothing more than “magic” accounting.

Let’s hope the tragedy that is going to hit our system is economic/financial and not the outbreak of WW3.

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About Dave Kranzler:

I spent many years working in various analytic jobs and trading on Wall Street. For nine of those years, I traded junk bonds for Bankers Trust. I have an MBA from the University of Chicago, with a concentration in accounting and finance. My goal is to help people understand and analyze what is really going on in our financial system and economy. You can follow my work and contact me via my website Investment Research Dynamics. Occasionally, I publish on Seeking Alpha too. As a co-founder and principal of Golden Returns Capital, LLC Mr. Kranzler co-manages the Precious Metals Opportunity Fund, a metals and mining stock investment fund.